CF Industries Holdings, Inc. $CF Stock: Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 783.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 234,065 shares of the basic materials company’s stock after buying an additional 207,574 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CF Industries were worth $29,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cottage Street Advisors LLC raised its stake in CF Industries by 67.9% during the 3rd quarter. Cottage Street Advisors LLC now owns 29,938 shares of the basic materials company’s stock valued at $3,589,000 after purchasing an additional 12,104 shares during the period. Generali Investments Management Co LLC lifted its stake in CF Industries by 496.1% in the 3rd quarter. Generali Investments Management Co LLC now owns 5,961 shares of the basic materials company’s stock worth $744,000 after acquiring an additional 4,961 shares in the last quarter. Brown Lisle Cummings Inc. lifted its stake in CF Industries by 431.8% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 15,764 shares of the basic materials company’s stock worth $1,965,000 after acquiring an additional 12,800 shares in the last quarter. IFP Advisors Inc boosted its position in CF Industries by 342.9% during the 3rd quarter. IFP Advisors Inc now owns 29,553 shares of the basic materials company’s stock worth $3,667,000 after acquiring an additional 22,880 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in CF Industries by 3,023.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 210,987 shares of the basic materials company’s stock worth $26,440,000 after acquiring an additional 204,231 shares during the period. 93.06% of the stock is currently owned by institutional investors and hedge funds.

CF Industries Stock Performance

Shares of CF stock opened at $118.61 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. CF Industries Holdings, Inc. has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The stock’s 50-day moving average is $123.73 and its two-hundred day moving average is $120.11. The firm has a market cap of $17.95 billion, a P/E ratio of 8.79, a PEG ratio of 0.23 and a beta of 0.53.

CF Industries (NYSE:CF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing analysts’ consensus estimates of $5.63 by ($0.90). The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business earned $2.37 earnings per share. Analysts predict that CF Industries Holdings, Inc. will post 13.90 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 16th. CF Industries’s dividend payout ratio (DPR) is presently 17.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on CF Industries from $115.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Morgan Stanley decreased their price target on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Scotiabank raised their price target on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Wall Street Zen downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, The Goldman Sachs Group dropped their price objective on shares of CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average price target of $121.11.

Get Our Latest Stock Analysis on CF Industries

CF Industries Company Profile

(Free Report)

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

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